Here What Made Anand Mahindra Invest Rs 7.5 Crores In A Gurugram Based Startup

Anand Mahindra, the Chairman of Mahindra Group, has invested $1 million in Hapramp which is a Gurugram-based startup. The startup is engaged on applied sciences like blockchain and social media.

Hapramp was based by 5 college students of the Indian Institute of Data Expertise-Vadodara in 2018.

As reported by the Financial Occasions, it was in 2018 that Mahindra had introduced a funding alternative for an Indian social media startup that met sure standards by way of his Twitter account. He had even requested an ex-Mahindra govt, Jaspreet Bindra to work with him to discover a ‘next-gen’ Indian social community start-up.

Whereas saying the funding on Wednesday, Mahindra Tweeted,

Jaspreet Bindra, who’s now signed because the Government Advisor and Mentor to the Hapramp founding workforce, shared that the workforce is constructing a Internet social community. It’s constructed on rising digital applied sciences, has a strong enterprise mannequin that rewards content material creators, protects private knowledge, and better of all, is constructed right here regionally in India.

In an interview with PTI, Hapramp co-founder and CEO Shubhendra Vikram stated, “We’re honored and excited. This can be a large approval of our mission to offer creators the correct to their content material. We plan to make use of the funds to develop our platform and need to empower creators.”

Along with its flagship social networking answer GoSocial, Hapramp additionally operates, a social media platform powered by Steem Blockchain, and Asteria Protocol.

GoSocial, which is at the moment obtainable on Google Play Retailer, already has 50,000 customers in a span of simply Three months. The app permits customers to take artistic challenges designed by photographers, artists, writers, and designers and get rewarded.

Nevertheless, the workforce targets to realize round one lakh customers within the subsequent three months and 10 lakh by the tip of the 12 months in India.

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